2011 10-17 migbank-daily technical-analysis-report
TRANSCRIPT
WINNER BEST SPECIALIST RESEARCH
S-TERM MULTI-DAY
L-TERM MULTI-WEEK
STRATEGY/ POSITION
ENTRY LEVEL
OBJECTIVES/COMMENTS STOP
EUR/USD Awaiting New Sell Trade Setup.
GBP/USD Await fresh signal.
USD/JPY LONG 3 77.20 80.20/81.50/83.30 (Entered 25/08/2011) 75.90
USD/CHF Buy limit 3 0.8600 0.9000/0.9200/0.9316 0.8500
USD/CAD Awaiting New Buy Trade Setup.
AUD/USD Awaiting New Sell Trade Setup.
GBP/JPY Sell limit 3 123.15 122.00/118.50/116.50 124.40
EUR/JPY Sell limit 3 107.90 106.90/104.00/100.00 109.00
EUR/GBP Sell limit 3 0.8870 0.8750/0.8580/0.8400 0.8970
EUR/CHF Buy limit 3 1.2200 1.2280/1.2380/1.2500 1.2120
GOLD SHORT 1 1805 1300 (Entered 12/09/2011) 1704
SILVER Await New Sell Trade Setup.
Notes: Entries are in 3 units and objectives are at 3 separate levels where 1 unit will be exited. When the first objective (PT 1) has been hit the stop will be moved to the entry point for a near risk-free trade. When the second objective (PT 2) has been hit the stop will be moved to PT 1 locking in more profit. All orders are valid until the next report is published, or a trading strategy alert is sent between reports.
Special Report: EUR/USD ˝A Fall From Grace˝ ? Decline Targets 1.3770/1.3410.
MIG Bank Webinar: “Why the US dollar is likely to gain up to 30% in 6-12 months.”
S-T TREND L-T TREND STRATEGY
IMPULSIVE (WAVE 3) DECLINE TARGETS
1.3000 & 1.2870 TREND
2 YEARS (1.4000)
200-DMA (1.4075)
EUR/USD (Daily)
BIG LEVEL (1.4000)
FAILED
BREAKOUTS
BERMUDA TRIANGLE
+
-
USD INDEX (4 YEARS)
DEMARK™ BUY SIGNAL
+27% +19%
TRIGGER (15000)
COT LIQUIDITY
+10% SO FAR
3 STD ABOVE ONE YEAR AVERAGE
EXTREME NET US $ SHORT POSITIONS
9 KEY SUPPORT
(73.50-73.00)
13
USD INDEX
200-DMA (75.89)
DEMARK™ BUY SIGNALS
BREAKOUT ZONE
EUR 57.6%, JPY 13.6%, GBP 11.9%,
CAD 9.1%, SEK 4.2%, CHF 3.6%
™
/
DeMark™
Please select the link below to sign up for our MIG Bank webinar on USD/JPY:
USD/JPY’s Long-term Structural Change (Wednesday, November 02nd – 15:00-15:45 GMT).
S-T TREND L-T TREND STRATEGY
WAVE 5
83.30
USD/JPY (Daily 1 YEAR)
QUAKE SHOCK!
POST INTERVENTION RETRACEMENT (PIR I)
POST G7
MOVE HIGH
82.00
PIR II
80.24
POST BOJ
MOVE HIGH
DEMARK™ BUY SIGNAL AFTER NEW POST WWII LOW (75.95)
MONTHLY DEMARK BUY SIGNAL
USD/JPY Weekly (2007 – 2011)
ENDING DIAGONAL
PATTERN BREAKOUT
TARGET (88-85)
S-T TREND L-T TREND STRATEGY
USD/CAD (Weekly)
CONFIRMATION ABOVE 1.0680
OPENS LARGER RECOVERY
DEMARK™ BUY SIGNAL
USD/CAD (Daily)
August High (1.0673)
200-DMA (0.9805)
MAJOR RESISTANCE
EUR/CAD (Daily)
50% (1.3570)
61.8% (1.3379)
200-DMA (1.3769)
61.8% (1.0893)
REVERSAL PATTERN
CHF/CAD (Daily)
200-DMA (1.1210)
50% (1.1488)
S-T TREND L-T TREND STRATEGY
KEY ZONE
AUD/USD (1 YEAR)
(1.0935)
TD RISK (1.1102)
DEMARK™ SELL SIGNALS
200-DMA (1.0381)
AUD/USD (Weekly)
38.2% (0.9144)
50% (0.8546)
61.8% (0.7947)
3 YEAR UPTREND IS UNDER
PRESSURE
STRUCTURAL LEVEL
200-DMA CAPS BEAR MKT
AUD/NZD (Daily)
KEY SUPPORT 1.2319 / 1.2100
200- DMA
(83.28)
13
38.2% (76.70)
61.8% (68.47)
50% (72.58)
AUD/JPY (Daily)
DEMARK™ SELL SIGNAL
BREAKDOWN ADDS TO
RISK AVERSION
k™
S-T TREND L-T TREND STRATEGY
: : :
TREND CHANNEL
(12 YEARS)
I
RISK ZONE III
BIGGEST DRAWDOWNS 34% (2008) 26% (2006) 25% (1999) AVERAGE = 28%
26%
34%
20%
SO FAR
25%
II
200-DMA NOT BROKEN IN 3 YEARS!
RISK (1935)
DEMARK™ SIGNAL WARNED OF GOLD’S OVERBOUGHT CONDITIONS WHICH LED TO A $200 DROP IN 3 DAYS!
BREAKOUT
$1704
$1600
DOWNSIDE: $1600 / $1530 UPSIDE: $1935 / $2000
GOLD KEY TRIGGER LEVELS
$1532
COT NET LONG SPECULATOR POSITIONS
OVER 2 YEARS OF SIZEABLE LONG
GOLD POSITIONS UNDER THREAT
IF KEY LEVEL BREAKS
™
/
S-T TREND L-T TREND STRATEGY
BULL MARKET
FROM 1999
Silver Monthly (since 1980)
13
38.2% (32.3135)
50% (26.9150)
61.8% (21.5165)
I
II
OVER 30 YEAR BASE PATTERN
Silver HITS 1980 Spike High! DEMARK™ SELL SIGNAL
KEY SUPPORT (26.0700)
DEMARK™ SELL SIGNAL
Silver
(Daily)
200 DMA (36.3926)
13 YEAR LEVEL
UNWINDING 67% FROM
OVERSOLD TERRITORY
Gold/Silver "Mint" Ratio
